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2023
Flag → Flag
Exports $123MRnk 116 / 219
2023
Flag → Flag
Top Product $25.5MStone Processing Machines
2023
Flag → Flag
Exports $86.2MRnk 10 / 99
2023
Flag → Flag
Top Product $49MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.69Rnk 96 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$60.6BCURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$8,233CURRENT US$
Rnk 95 / 196
2013-2023
Flag
GDP PC GROWTH24.7%CURRENT US$
Rnk 87 / 195

About

Italy-Turkmenistan Trade: In 2023, Italy exported $123M to Turkmenistan. The main products that Italy exported to Turkmenistan were Stone Processing Machines ($25.5M), Other Measuring Instruments ($13.9M), and Other Heating Machinery ($12.6M). Over the past 5 years the exports of Italy to Turkmenistan have increased at an annualized rate of 26.3%, from $38.2M in 2018 to $123M in 2023.

In 2023, Italy did not export any services to Turkmenistan.

Turkmenistan-Italy Trade: In 2023, Turkmenistan exported $86.2M to Italy. The main products that Turkmenistan exported to Italy were Refined Petroleum ($49M), Nitrogenous Fertilizers ($29.7M), and Potassic Fertilizers ($2.16M). Over the past 5 years the exports of Turkmenistan to Italy have increased at an annualized rate of 7.28%,  from $52.7M in 2018 to $86.2M in 2023.

In 2023, Turkmenistan did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €5.73M and imported €1.58M from Turkmenistan, resulting in a positive trade balance of €4.14M. Between October 2023 and October 2024 the exports of Italy have increased by €1.83M (47.1%) from €3.89M to €5.73M, while imports decreased by €-10.5M (-86.8%) from €12M to €1.58M.

Growth In October 2024, the increase in Italy's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in . In September 2024, the decrease in Italy's year-by-year imports  from Turkmenistan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€1.83M(47.1%)
IMPORT GROWTH (September 2023 - September 2024)€-10.5M(-86.8%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Turkmenistan and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkmenistan and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $123M to Turkmenistan. The main products exported from Italy to Turkmenistan were Stone Processing Machines ($25.5M), Other Measuring Instruments ($13.9M), and Other Heating Machinery ($12.6M). During the last 5 years the exports of Italy to Turkmenistan have increased at an annualized rate of 26.3%, from $38.2M in 2018 to $123M in 2023.

In 2018, Turkmenistan exported $86.2M to Italy. The main products exported from Turkmenistan to Italy were Refined Petroleum ($49M), Nitrogenous Fertilizers ($29.7M), and Potassic Fertilizers ($2.16M). During the last 5 years the exports of Turkmenistan to Italy have increased at an annualized rate of 7.28%, from $52.7M in 2023 to $86.2M in 2018.

Exports from Italy (Flag) to Turkmenistan (Flag) (2023)

Exports from Turkmenistan (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Turkmenistan
Top DestinationChina$9.63B

This map shows whether countries import more from Italy or Turkmenistan. Each country is colored based on the difference in imports they receive from Italy and Turkmenistan or the difference in the growth in imports.

In 2023, countries that imported more from Italy than Turkmenistan included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Turkmenistan than Italy included Uzbekistan ($950M) and Azerbaijan ($687M).

Difference in imports from Turkmenistan (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Turkmenistan

Flow
Scale

This chart compares trade between Italy and Turkmenistan by product, considering products traded by both, Italy and Turkmenistan.

During 2023, Italy had a large net trade with Turkmenistan in the exports of Machines ($83.2M), Instruments ($15.9M), and Stone And Glass ($5.46M).

During 2018, Turkmenistan had a large net trade with Italy in the exports of Mineral Products ($50.5M), Chemical Products ($31.9M), and Textiles ($2.45M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Italy and Turkmenistan. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Turkmenistan (Flag) (2023)

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